UK Student Debt Crisis Explained - TLDR News

Student debt has become a crisis in the UK, with many graduates unable to ever pay off their debt. So in this video, we discuss how the system was designed and why it's so broken.

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[ilz]

The education system: Go to university and get £40K+ of debt, become a teacher, teach your students to get good grades to get into university.

[ripred]

English people: my student loan debt is crushing

Americans: hold my beer

[frmcf]

I agree that students have been horribly misled and misadvised into unaffordable borrowing to pay for degrees that are often worthless (at least in terms of employment prospects). However, you should be clear that your video describes the situation of tuition fees and loans in England, not in the UK as a whole.

[garrywilling]

I remember all the people that complained when students protested this in 2012, all the newspaper headlines and pub talk about ungrateful students who clearly weren't as intelligent as 'adults'. The kind of adults who always know better until they don't. Students knew this then and we know it now. It's a ridiculous system doomed to fail, and when it does it'll bring quite a few universities down with it. All done for political reasons to the detriment of future generations.

This video also forgot to mention the Student Loans company has been fully sold off and privatised so now any profit doesn't go to the government but all debt is underwritten by the government.

This is probably one of the worst legacies of the Cameron government. Y'know apart from Brexit and cementing a system for our NHS to canabalise itself.

But like everything else this generation will fix the horrific mistakes of our parents and grandparents.

[thebittersweetmyke]

my loan was 63k when i left uni 3 years ago its now up to 67k ill never pay it off and im working full time as a doctor. i have no incentive to pay it back since im only paying interest. ill actively avoid paying any more than i have to until its written off. i feel like i was lied to about student loans.

[williamduckett]

This seems like an absolutely insane system that doesn't work for anyone.

[him_That_is_me]

Why are they called "Boomers"

Previously: they were part of the baby and economic boom

Now: they left economic time-bombs for their children and grandchildren

[zeinabadam]

As a current student this video just gave me a heart attack, thank you for the critical information 🙌🏽

[pettytyrant]

I think this needs a title change from UK student debt to English and Welsh student debt, as the education system is entirely different in Scotland this all only applies in England and Wales (I am unsure about NI perhaps someone from there than clarify the situation in NI).

[LoFiAxolotl]

As a german i often forget what a huge privilege it is to have a completely state funded education system... not just the money but especially the Grades and Ranking is very interesting
Can't wait for your vacation to be over! even if you deserve it

[Erinyes]

"When a measure becomes a target, it ceases to be a good measure." - Goodhart's Law

[ORO]

When someone robs a bank’s money its a crime. But when millions are in debt for a piece of paper it’s just plain business for these predatory institutions.

[Kysen]

£1000 left to pay on my student loan, i'm almost free!

[JamesRoyceDawson]

As someone who's got about £40k in student debt who's going into teaching, I feel this video hard

[raketnight]

I did masters, and now 1 year later im £64k in debt. I mean at least there is a big figure next to my name.

[frbo]

Meanwhile in Sweden: The interest rate for student loans are 0.16% during 2019. And remember, university is of course free of carge in Sweden, this is just a loan you can take to cover living costs if you don't want to work part time jobs while you study. Crazy system in the UK :(

[EvilElephnt]

I think you missed out on a case study here: Scotland has no tuition fees. We get loans to cover living costs over our 4 year courses, but the degree itself is free. We therefore have far less student debt, and aren’t tied into such a disastrous debt cycle as the English.

[keybraker]

As England, has to always differ from what the rest of the Europe does (power outlets/ driving side/ pound/ imperial) they had to follow American in the pursuit of University capitalism.

[taipizzalord]

I'm 19 and got good a level grades and i am so glad I am taking a gap year to work and take courses instead of bowing to family pressure of going to university. Uni is a scam now i think.

[CazmaRazz]

Tbh, since joining university I believe it’s the biggest waste of time I’ve ever embarked on. If you read this, get an apprenticeship! University should be just for partying and the degree is NOT worth it UNLESS you are in sciences.